Then I could cash out refi and buy another.Alternatively, I could just use it for three downpayments and get three more houses.Alternatively, I could just hold onto it and see if the market takes a hit in the next year or so, then be glad I waited for the right time to buy.  

Wait until after graduation to embark on a RE career (possibly along with another career too!)

If nothing would prevent that, then is there an amount of time the investor must wait between delayed financing and cash out refinancing? 

I had a town home one time that I had to wait 10 years to get back to what I paid. 

Title insurance covered the thousands of dollars of the unrecorded lien.An attorney can insure the title, but usually the cost is about the same as the cost of title insurance, and if the attorney died his personal warranty dies with him, whereas a title insurance policy is good as long as you own the property.If you never plan on selling or refinancing the property and don't care if there is some future title problem that could eat all your equity...

But I am still excited about the whole journey and I can't wait until I get everything rocking.

On the fourth house, that inspection could find an issue that gives you the chance to back out, saving you thousands of dollars, making all of your money back on the prior inspections.

Or should I just wait until I can work as an agent full time and then decide?

We encourage our investors to keep their money moving by lending, JVing, etc.. while they wait for a good opportunity to take down.

Now it’s a waiting game.